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The number cruncher’s blog

Alternative Minimum Tax Changes

Before the Tax Cuts and Jobs Act, a second tax system called the alternative minimum tax (AMT) applied to both corporate and noncorporate taxpayers. The

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Changes to 529 plan Account Rules

A 529 plan distribution is tax-free if it is used to pay “qualified higher education expenses” of the beneficiary (student). Before the TCJA made these

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Nonprofit Quarterly Newsbits: December 2017

Popular payment app, Venmo, explores nonprofit application Venmo, a mobile payments app particularly popular with Millennials, is working on a channel that nonprofits can use to

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Is board member compensation a good idea?

Overheard in a nonprofit’s office: “It’s so hard to find good board members. It’s going to be really difficult to fill these board openings.” If

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Corporate sponsorship money: Is it taxable?

Nonprofits have pursued corporate sponsorships for years, with good reason. Effectively executed, sponsorships can benefit both sponsor and organization. But if your nonprofit is not

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Designing a Tax-Wise Bonus Plan

An annual bonus plan can be a great way to attract, retain and motivate employees. If the plan is designed carefully, the taxpayer can deduct

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Beware of Ransomware Attacks

Businesses, payroll departments, human resource organizations and taxpayers may fall victim to ransomware attacks. A recent Colorado Springs Business Journal article shared one local company’s

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